Siren Gold Limited Annual Report 2020

23 Parent Information Siren Gold Limited is the ultimate Australian parent entity and ultimate parent of the Group. Siren Gold Limited did not enter into any trading transactions with any related party during the year. a) Statement of Financial Position 2020 $ 2019 $ Current Assets 10,619,836 156,687 Non-Current Assets 28,500 290,013 Total Assets 10,648,336 446,700 Current Liabilities 111,624 121,553 Total Liabilities 111,624 121,553 Net Assets 10,536,712 325,147 Equity Issued capital 12,440,958 1,444,701 Reserves 878,306 202,816 Accumulated losses (2,782,552) (1,322,370) Total Equity 10,536,712 325,147 b) Statement of Profit or Loss and Other Comprehensive Income Year ended 31 Dec 2020 $ Year ended 31 Dec 2019 $ Loss for the year (1,460,182) (220,824) Other comprehensive income – – Total comprehensive income c) Guarantees There are no guarantees entered into by Siren Gold Limited for the debts of its subsidiaries as at 31 December 2020 (2019: none). d) Contractual commitments The parent company has no capital commitments at 31 December 2020 (2019: $nil). The parent company’s other commitments are disclosed in Note 18 Commitments. e) Contingent liabilities The parent company’s other commitments are the same as those disclosed in Note 20 Contingent liabilities. 24 Auditor’s Remuneration 2020 $ 2019 $ Auditing or reviewing the financial reports: Auditor 21,560 13,650 21,560 13,650 Notes to the Consolidated Financial Statements for the year ended 31 December 2020 Siren Gold Limited 52